Analysts expect Ellie Mae Inc (NYSE:ELLI) to announce earnings per share (EPS) of $0.40 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ellie Mae’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.42. Ellie Mae reported earnings of $0.51 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 21.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Ellie Mae will report full-year earnings of $1.76 per share for the current year, with EPS estimates ranging from $1.72 to $1.82. For the next fiscal year, analysts forecast that the company will report earnings of $2.43 per share, with EPS estimates ranging from $2.09 to $2.64. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Ellie Mae.
Ellie Mae (NYSE:ELLI) last announced its earnings results on Thursday, April 26th. The software maker reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.25. Ellie Mae had a net margin of 10.28% and a return on equity of 5.73%. The firm had revenue of $117.91 million for the quarter, compared to analysts’ expectations of $108.80 million. During the same quarter in the previous year, the business posted $0.25 EPS. The company’s quarterly revenue was up 26.8% on a year-over-year basis.
A number of analysts have recently commented on ELLI shares. KeyCorp restated a “buy” rating and set a $120.00 target price on shares of Ellie Mae in a report on Tuesday, April 24th. Royal Bank of Canada restated an “outperform” rating and set a $106.00 target price on shares of Ellie Mae in a report on Wednesday, February 14th. Bank of America cut shares of Ellie Mae from a “buy” rating to a “neutral” rating and set a $110.00 target price on the stock. in a report on Monday, April 16th. Zacks Investment Research lowered Ellie Mae from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. Finally, Zelman & Associates raised Ellie Mae from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $100.27.
In other Ellie Mae news, Director A Barr Dolan sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $95.52, for a total value of $286,560.00. Following the completion of the transaction, the director now owns 8,053 shares of the company’s stock, valued at approximately $769,222.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jonathan Corr sold 589 shares of the business’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $107.69, for a total value of $63,429.41. Following the completion of the transaction, the chief executive officer now directly owns 109,572 shares of the company’s stock, valued at approximately $11,799,808.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,181 shares of company stock valued at $4,428,192. 3.14% of the stock is owned by insiders.
Large investors have recently modified their holdings of the business. We Are One Seven LLC raised its position in Ellie Mae by 238.3% in the 1st quarter. We Are One Seven LLC now owns 1,316 shares of the software maker’s stock worth $121,000 after buying an additional 927 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ellie Mae by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,941 shares of the software maker’s stock worth $174,000 after buying an additional 602 shares during the last quarter. Barings LLC purchased a new position in Ellie Mae in the 4th quarter worth about $201,000. M&T Bank Corp purchased a new position in Ellie Mae in the 1st quarter worth about $206,000. Finally, ETRADE Capital Management LLC purchased a new position in Ellie Mae in the 1st quarter worth about $215,000.
Shares of ELLI stock traded up $2.14 during mid-day trading on Thursday, reaching $113.40. 412,400 shares of the company’s stock traded hands, compared to its average volume of 483,878. Ellie Mae has a 12 month low of $79.71 and a 12 month high of $114.95. The stock has a market cap of $3.69 billion, a PE ratio of 110.10, a price-to-earnings-growth ratio of 6.96 and a beta of 0.58.
Ellie Mae Company Profile
Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. The company provides Encompass, a proprietary software solution that combines lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.
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